JVG Management: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
JVG Management
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€847,065
2024 · €887,434-€40,370
Equity
€4.6m
2024 · €3.8m+€847,065
Cash
€101,597
2024 · €133,168-€31,572
Balance sheet total
€7.4m
2024 · €6.6m+€777,403
Largest movements
Assets
- Tangible fixed assets +€761,541
up €761,541 (+32.1%), from €2.4m to €3.1m
of which Land and buildings: +€768,621
Equity and liabilities
- Reserves +€847,065
up €847,065 (+23.2%), from €3.7m to €4.5m
- Debts after one year +€437,213
up €437,213 (+26.0%), from €1.7m to €2.1m
- Other debts -€372,981
down €372,981 (-40.0%), from €931,545 to €558,564
- Short-term financial debts -€200,000
down €200,000 (-100%), from €200,000 to €0
Income statement
- Financial income +€120,635
up €120,635 (+100%), from €120,390 to €241,025
- Taxes -€34,541
down €34,541 (-12.6%), from €274,570 to €240,030
- Gross operating margin -€21,644
down €21,644 (-1.8%), from €1.2m to €1.2m
- Depreciation +€19,430
up €19,430 (+47.7%), from €40,715 to €60,145
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€887,434
Gross operating margin
-€21,644
Depreciation
-€19,430
Other operating charges
-€417
Other operating items
-€162,500
Financial income
+€120,635
Financial charges
+€8,447
Taxes
+€34,541
Result 2025
€847,065
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€571,029
Investment
-€894,478
Financing
+€291,876
Cash 2024
€133,168
From operations (derived)
+€571,029
Net result for the year
+€847,065
Depreciation
+€60,145
Receivables within one year
+€2,250
Deferred charges and accrued income
+€23,108
Smaller working-capital items
+€266
Other debts
-€372,981
Accrued charges and deferred income
+€11,177
Investment (derived)
-€894,478
Investment in fixed assets (net)
-€821,686
Current investments
-€72,792
Financing
+€291,876
Debts after one year
+€437,213
Current portion of long-term debt
+€54,664
Short-term financial debts
-€200,000
Cash 2025
€101,597
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,649,664 | €7,427,067 | +€777,403 | +11.7% |
| Fixed assets | 21/28 | €3,882,526 | €4,644,067 | +€761,541 | +19.6% |
| Tangible fixed assets | 22/27 | €2,372,556 | €3,134,097 | +€761,541 | +32.1% |
| Land and buildings | 22 | €2,307,324 | €3,075,945 | +€768,621 | +33.3% |
| Furniture and vehicles | 24 | €5,823 | €2,950 | -€2,873 | -49.3% |
| Other tangible fixed assets | 26 | €59,409 | €55,202 | -€4,207 | -7.1% |
| Financial fixed assets | 28 | €1,509,970 | €1,509,970 | = | 0.0% |
| Current assets | 29/58 | €2,767,138 | €2,783,000 | +€15,862 | +0.6% |
| Amounts receivable within one year | 40/41 | €5,609 | €3,359 | -€2,250 | -40.1% |
| Other amounts receivable | 41 | €5,609 | €3,359 | -€2,250 | -40.1% |
| Current investments | 50/53 | €2,565,574 | €2,638,366 | +€72,792 | +2.8% |
| Cash at bank and in hand | 54/58 | €133,168 | €101,597 | -€31,572 | -23.7% |
| Deferred charges and accrued income | 490/1 | €62,787 | €39,679 | -€23,108 | -36.8% |
| Total equity and liabilities | 10/49 | €6,649,664 | €7,427,067 | +€777,403 | +11.7% |
| Equity | 10/15 | €3,750,699 | €4,597,763 | +€847,065 | +22.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,650,699 | €4,497,763 | +€847,065 | +23.2% |
| Distributable reserves | 133 | €3,650,699 | €4,497,763 | +€847,065 | +23.2% |
| Amounts payable | 17/49 | €2,898,966 | €2,829,303 | -€69,662 | -2.4% |
| Amounts payable after more than one year | 17 | €1,684,700 | €2,121,913 | +€437,213 | +26.0% |
| Financial debts | 170/4 | €1,684,700 | €2,121,913 | +€437,213 | +26.0% |
| Amounts payable within one year | 42/48 | €1,203,497 | €685,445 | -€518,052 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €55,011 | €109,674 | +€54,664 | +99.4% |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100% |
| Other loans | 439 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €13,783 | €12,535 | -€1,249 | -9.1% |
| Suppliers | 440/4 | €13,783 | €12,535 | -€1,249 | -9.1% |
| Taxes, remuneration and social security | 45 | €3,158 | €4,672 | +€1,514 | +48.0% |
| Taxes | 450/3 | €3,158 | €4,672 | +€1,514 | +48.0% |
| Other amounts payable | 47/48 | €931,545 | €558,564 | -€372,981 | -40.0% |
| Accrued charges and deferred income | 492/3 | €10,769 | €21,946 | +€11,177 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,715 | €60,145 | +€19,430 | +47.7% |
| Other operating charges | 640/8 | €4,995 | €5,412 | +€417 | +8.4% |
| Non-recurring operating charges | 66A | - | €162,500 | +€162,500 | |
| Gross operating margin | 9900 | €1,175,148 | €1,153,504 | -€21,644 | -1.8% |
| Operating profit (loss) | 9901 | €1,129,438 | €925,447 | -€203,992 | -18.1% |
| Financial income | 75/76B | €120,390 | €241,025 | +€120,635 | +100% |
| Recurring financial income | 75 | €120,390 | €241,025 | +€120,635 | +100% |
| Financial charges | 65/66B | €87,824 | €79,377 | -€8,447 | -9.6% |
| Recurring financial charges | 65 | €87,824 | €79,377 | -€8,447 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €1,162,005 | €1,087,094 | -€74,910 | -6.4% |
| Income taxes | 67/77 | €274,570 | €240,030 | -€34,541 | -12.6% |
| Profit (loss) for the period | 9904 | €887,434 | €847,065 | -€40,370 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €887,434 | €847,065 | -€40,370 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.